Sand Coin Research (SAND)
What is Sand Coin (SAND)?
Sand Coin (SAND) is a utility and governance token used in The Sandbox ecosystem, a blockchain gaming metaverse platform. The platform allows users to create, share, and monetize game assets and experiences within the metaverse.
Key Features of Sand Coins:
Utilities: Used to purchase assets and services within The Sandbox, such as virtual lands, characters, items, and game experiences.
Governance: SAND holders can participate in the governance of The Sandbox by voting on proposals that impact the platform.
Staking: SAND holders can stake their tokens to earn SAND rewards and exclusive assets.
Play-to-Earn: Users can play games in The Sandbox and earn SAND as rewards.
Sand Coin Supply and Distribution:
Maximum Supply: 3,000,000,000 SAND
Circulating Supply: 1,283,883,842 SAND (as of February 19, 2024)
Sand Coin Price:
Current Price: IDR 13,819.83 (as of 19 February 2024)
All Time Highest Price: IDR 80,927.85 (24 November 2021)
All Time Lowest Price: IDR 2,689.47 (13 March 2020)
Factors Affecting Sand Coin Prices:
Adoption of The Sandbox: Growth in users and activity within The Sandbox platform will increase demand for SAND.
Metaverse Development: The growth of the metaverse industry as a whole will increase the demand for SAND.
Partnerships: Partnerships with well-known gaming and blockchain companies can increase the value of SAND.
Market Sentiment: The overall cryptocurrency market sentiment can influence the price of SAND.
Sand Coin Investment Risks:
Volatility: SAND prices can fluctuate wildly, making this investment high risk.
Competition: Other metaverse platforms may compete with The Sandbox, which could impact demand for SAND.
Regulation: Unfavorable cryptocurrency regulations may impact the value of SAND.
